Financial performance As a holding company with a broad range of retail business investments, the Group’s operating companies are geographically well diversified and operate a number of strong local brands with leading positions in markets around the world. Despite the ongoing challenges facing the Group, and the tougher trading conditions that we faced during the MESSAGE FROM THE MANAGEMENT BOARD first quarter of the 2020 financial year, we continued to grow overall revenues. Consolidated net sales from continuing operations for the three-month period to 31 December 2019 increased by 7% to €3 445 million (3MFY19: €3 214 million), with strong contributions from Pepco Group (+15% to €1 143 million) and Pepkor Africa (+7% to €1 285 million). Revenues from Conforama (€805 million) and Mattress Firm (€697 million, now held as an associate), once again confirm their strong market positions. Further information on the performance of the Group’s individual operating businesses is contained within th |